Thursday, November 5, 2009

Daily Trading Calls

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TATMOTORS
Execution Price Range                                   Stop Loss                 Target
Buy Between Rs 555 to 565                        552                               577



JINDALSTEEL POWER
Execution Price Range                                   Stop Loss                     Target
Buy Between Rs 628 to 638                         625                                 649


Market Outlook
Yesterday S&P CNX Nifty opened positive taking cues from global markets then witnessed buying interest across the board and finally closed near day’s high levels. The rally was driven by decent global cues and short covering activities in heavyweights stocks. The bounce back above 4720 could take nifty to 4750-4780
levels. Technically, 4830 is a major resistance for Nifty, if it sustains above 4830 then only further buying may come. On lower side 4650 is now the support for nifty if it sustains below this level then selling pressure may be seen in the market and Nifty may again touch 4550 levels.



IDFC
Execution Price Range                                 Stop Loss                         Target
Buy Between Rs 144 to 148                       142                                     155







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